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Renascent Entrepreneurship - Entrepreneurial Preferences Subsequent to Firm Exit Author info | Abstract | Publisher info | Download info | Related research | Statistics Erik Stam
David Audretsch ()
Joris Meijaard
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Why should individuals that have exited their firm consider re-entering into entrepreneurship, i.e. become renascent entrepreneurs? According to the logic of economic models of firm dynamics there is no reason to re-enter into entrepreneurship following termination of a previous firm. In contrast, research on nascent entrepreneurship has shown the positive effect of entrepreneurial experience on planning a new firm start. Based on the empirical evidence from a database consisting of ex-entrepreneurs, this study shows that renascent entrepreneurship is a pervasive phenomenon in current society. Especially entrepreneurial human and social capital induce renascent entrepreneurship. In addition, the nature of the firm exit also affects the probability of renascent entrepreneurship.
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Paper provided by Max Planck Institute of Economics, Group for Entrepreneurship, Growth and Public Policy in its series Discussion Papers on Entrepreneurship, Growth and Public Policy with number
2006-06.
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Length: 18 pages
Date of creation: Mar 2006Date of revision:
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Keywords: entrepreneurial preferences entrepreneurial skills firm exit renascent entrepreneurship economics of entrepreneurship This paper has been announced in the following NEP Reports :
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